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This article examines the extent to which utilitarian social welfare maximization results in an egalitarian outcome for the classic n-agent cake-cutting problem when the agents are characterized by heterogenous subsistence needs as well as by heterogeneous tastes. It is shown that utilitarian...
Persistent link: https://www.econbiz.de/10004997731
sector. A theoretical model shows that firms subject to TEWA will tend to mass at or below the threshold of 14 workers until … they get an atypically large productivity shock that would propel them beyond the threshold. EPZ firms will be largely … likely to add employees than nonEPZ firms. Above the threshold, nonEPZ firms are more likely to shed workers while EPZ firms …
Persistent link: https://www.econbiz.de/10004997736
Sri Lanka's Termination of Employment of Workmen Act (TEWA) requires that firms with 15 or more workers justify layoffs and provide generous severance pay to displaced workers, with smaller firms being exempted. Although formally subject to TEWA, firms in Export Promotion Zones (EPZs) do not...
Persistent link: https://www.econbiz.de/10011103420
Open Source Software (OSS) expresses the idea that developers should be able to license the publication of their software in a manner permitting anyone to freely use, modify, and distribute the software. Today OSS is widely used in the software industry, such as for language development tools...
Persistent link: https://www.econbiz.de/10004969753
This study uses a dynamic 5-bus test case implemented via the AMES Wholesale Power Market Test Bed to investigate strategic capacity withholding by generation companies (GenCos) in restructured wholesale power markets under systematically varied demand conditions. The strategic behaviors of the...
Persistent link: https://www.econbiz.de/10004969756
Wholesale power markets around the world are currently undergoing a controversial restructuring of their architecture and rules of operation. Some commentators have argued that restructuring has not produced the intended improvements in market efficiency while at the same time it has complicated...
Persistent link: https://www.econbiz.de/10004969758
Abstract not available.
Persistent link: https://www.econbiz.de/10008508385
Abstract not available
Persistent link: https://www.econbiz.de/10008500477
Abstract not available
Persistent link: https://www.econbiz.de/10008500479
This study investigates the performance of Gale-Shapley matching in an evolutionary market context. Computational experimental findings are reported for an evolutionary match-and-play trade network game in which resource constrained traders repeatedly choose and refuse trade partners in...
Persistent link: https://www.econbiz.de/10004979902